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Dec 12, 2012
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revenue to avoid the so-called fiscal cliff we're talking so much b. otherwise we know there will be automatic tax hikes. there are also the spending cuts that kick in starting in january. the pentagon will bear the brunt of the automatic spending cuts. some republicans say mandatory cuts are better than no cuts at all and we should put defense spending on the chopping block to accomplish the long-term goal of reducing the deficit. joining me now oklahoma congressman james langford, his second term in congress. what do you think about that, some suggesting this is in a political article that the republicans are foresee questions tracing if that is the only way to cut the debt and deficit. >> the challenge of it is this is really part sue of the debt ceiling debate we had last summer. we wanted a strategic plan to reduce the spending. the house passed that in may. we had an outlined plan to reduce spending. we had no answer from them. the see questions station wa sequestration was the last report. i haven't been in congress a longtime but i can tell you
revenue to avoid the so-called fiscal cliff we're talking so much b. otherwise we know there will be automatic tax hikes. there are also the spending cuts that kick in starting in january. the pentagon will bear the brunt of the automatic spending cuts. some republicans say mandatory cuts are better than no cuts at all and we should put defense spending on the chopping block to accomplish the long-term goal of reducing the deficit. joining me now oklahoma congressman james langford, his second...
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Dec 5, 2012
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i would hope that would break the fall of the fiscal cliff, which is becoming more of a slope. but we really do need to put down a down payment. reporter: a lot of maneuvering going on. steny hoyer predicted there would be movement and private in the coming days with lawmakers leaving for the weekend. perhaps that peace and quiet will be helpful. jenna: thank you so much. jenna: superstorm sandy swept away their homes, and now they are demanding action to protect against this kind of damage in the future. we will tell you about that. and an american astronaut gets ready to spend a year in outer space [ loud party sounds ] hi, i'm ensure clear... clear, huh? i'm not juice or fancy water. i've gotine grams of protein. that's three times more than me! [ female announcer ] ensure clear. nine grams protein. zero fat. in blueberry/pomegranate and peach. >> today i am pledging to cut the deficit by half of the end of my first term in office. this will not be easy. it will require us to make difficult decisions and face challenges we have long neglected. but i refuse to leave our child
i would hope that would break the fall of the fiscal cliff, which is becoming more of a slope. but we really do need to put down a down payment. reporter: a lot of maneuvering going on. steny hoyer predicted there would be movement and private in the coming days with lawmakers leaving for the weekend. perhaps that peace and quiet will be helpful. jenna: thank you so much. jenna: superstorm sandy swept away their homes, and now they are demanding action to protect against this kind of damage in...
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Dec 11, 2012
12/12
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with so much of the fight over that looming fiscal cliff focusing on tax rates we want to look at that claim, that claim specific to spending to see how it stands up with the facts. doug mckelway is live in washington with more on this story. >> reporter: good morning, jenna. the republicans claim democrats are solely focused on raising tax rates not spending cuts. democrats counter what we heard from nancy pelosi. democrats agreed to over a trillion dollars in cuts as part of the budget control act in 2011. indeed hear is the document. letter from cbo to spiker boehner laying out $915 billion in cuts between 2012 and to 21. the brookings institution it is a fact, she says pelosi was right. listen up. >> there are two different conversation going on about these numbers. one is about the cuts that are already embedded in law which is evidently what nancy pelosi was talking about and they are absolutely embedded in law and there is no question about them. >> reporter: but not so fast. keep in mind that these numbers were derived from baseline budgeting that is a washington gimmick that n
with so much of the fight over that looming fiscal cliff focusing on tax rates we want to look at that claim, that claim specific to spending to see how it stands up with the facts. doug mckelway is live in washington with more on this story. >> reporter: good morning, jenna. the republicans claim democrats are solely focused on raising tax rates not spending cuts. democrats counter what we heard from nancy pelosi. democrats agreed to over a trillion dollars in cuts as part of the budget...